There Is One Born Every Minute

 

There Is One Born Every Minute

Trevor K. McNeil

Is There Really an ‘American Dream’?

The promoted mythology holds that anyone in the United States can achieve greatness through vision, persistence and hard work. Sadly, as Hunter S. Thompson bluntly put it after narrowly losing his run for Sheriff of Pitkin County, Colorado “I,unfortunately proved what I set out to prove … that the American Dream really is f**ked.’

One of the great myths of the ‘American Century’ is that of the ‘Self-Made’ man. Statistics counter that claim, suggesting almost no one born poor in this country ever achieves staggering wealth; and those who do rarely achieve it by ‘hard work’ within the established system. Think lottery.

Donald Trump first hit the national radar during the glitzy big hair days of the 1980’s and 1990’s.  It began slowly, with small mentions in the gossip columns of Palm Beach and New York. By the end of the 90’s Trump had become a staple in New York society columns and the tabloids. In fact, the tabloids and reality TV created the Donald Trump persona we know today.

Everything was over the top for the future president. He had a big airplane with the Trump name emblazoned on its side. He was a billionaire businessman playing himself on a weekly reality TV series. Being seen at the right places with a harem of plastic barbies on his arm came easy and he did it all with a  Gordon Geko-esque swagger (ask your parents).

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Part III: Behind The Curtain

Part III: Behind The Curtain

D. S. Mitchell

One thing we have learned over the years is that Donald Trump is very aware of perception, most notably, the size of his fortune. In a 2006 lawsuit Trump sued Timothy L. O’Brien, author of TrumpNation: The Art of Being The Donald, for $5 million in damages because O’Brien asserted that Trump was actually “worth somewhere between $150 million and $250 million.” This was after Trump had stated in the book that he was worth $6 billion.

Trump claimed that “low ball estimates of his wealth came from guys who have four hundred pound wives and were jealous of his success.” ***(“four hundred pound wives’ sounds eerily familiar. Remember that imaginary “four hundred pound hacker siting on his bed” Trump described during the debates? So, my first twisted thought is that if I hear the “400 pound” line come out of his mouth I will assume it is an outright lie.)

So, what is Trump really worth? We are now entering murky waters. In the O’Brien lawsuit Trump claimed that an unfavorable news story, article, comment, or book in this case, could “psychologically hurt me. I am a billionaire, not a perceived billionaire.”

Court records from that case, based on a Trump Organization financial statement placed his net worth at $3.5 billion, far less than the $6 billion Trump claimed to O’Brien during interviews for TrumpNation. That same year there were many other efforts to assess the size of Trump’s fortune.  North Fork Bank, now Capital One Bank, estimated his total worth to be $1.2 billion, while Deutsche Bank put the estimate at closer to $788 million in 2005.

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